New Petrol and Diesel Prices Announced: Find Out Today’s Rates in Your City

Petrol and Diesel Prices Today (July 16, 2024)

Oil marketing companies (OMCs) have announced the latest petrol and diesel prices for today. These prices are updated daily at 6 am to reflect changes in global crude oil prices and currency exchange rates, ensuring that consumers have the most current information.

Despite the volatile nature of fuel prices, the rates have largely remained stable since March 2024, when the central government reduced petrol prices by Rs 2 per litre. Prior to this, prices were steady from May 2022 following a cut in fuel taxes by both the central and state governments.

Today’s Petrol and Diesel Prices in Major Cities

City	Petrol Price (Rs/litre)	Diesel Price (Rs/litre)
Delhi	94.72	87.62
Mumbai	103.44	89.97
Chennai	100.85	92.44
Kolkata	103.94	90.76
Noida	94.66	87.76
Lucknow	94.65	87.76
Bengaluru	102.86	88.94
Hyderabad	107.41	95.65
Jaipur	104.88	90.36
Trivandrum	107.62	96.43
Bhubaneswar	101.06	92.91

Factors Influencing Fuel Prices in India

1. Crude Oil Prices: The cost of crude oil, the main ingredient for petrol and diesel, directly impacts the prices of these fuels.
2. Exchange Rates: Since India imports a large amount of crude oil, the exchange rate between the Indian rupee and the US dollar also affects petrol and diesel prices.